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2022 Interim Results

Financial results for the six months ended 30 June 2022

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Strategic Update Event

Strategic update event held on 20 August 2021.

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Environmental, Social and Governance (ESG)

Standard Bank is committed to driving sustainable and inclusive economic growth, as reflected in our purpose – Africa is our home, we drive her growth.

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Our Climate Strategy

We are committed to driving Africa's growth in an inclusive and sustainable manner, supporting a just energy transition.

2022 INTERIM RESULTS HIGHLIGHTS

HEADLINE EARNINGS(Rm)

33%

R15 263

1H21: R11 477 million

HEADLINE EARNINGS PER SHARE(HEPS)

30%

 936

1H21: 721 cents

NET ASSET VALUE PER SHARE

11%

12 721

1H21: 11 509 cents

DIVIDEND PER SHARE

43%

515

1H21: 360 cents

RETURN ON EQUITY(ROE)

 

15.3%

1H21: 12.9%

COST TO INCOME RATIO

 

56.0%

1H21: 58.3%

CREDIT LOSS RATIO(CLR)

 

82 bps

1H21: 88 bps

COMMON EQUITY TIER 1 RATIO

 

13.7%

1H21: 13.5%

Standard Bank Group 2022 Interim Results presentation details

The presentation was held on 19th August 2022 at 10h00 SA time

Click here to watch
STANDARD BANK GROUP LTD SHARE PRICE ON THE JSE

Please be aware of a 15 minute delay on this reading

ZAR

R 145.03

Source: JSE LTD

Results in a flash

We are progressing well towards delivering our 2025 targets. Work is underway to ensure that capital is both allocated and extracted effectively, with a particular focus on some parts of Africa Regions, Liberty and ICBCS. And Liberty integration into the Standard Bank Group is progressing according to plan.

MESSAGE FROM THE CFO

During 2021 we made good progress in three key areas.
1. We achieved franchise growth across all three of our core businesses.
2. We made good progress in developing new revenue streams by scaling up our digital platforms and partnerships.
3. We remained focused on the diligent allocation of capital to fund expansion, while carefully managing costs, and we successfully completed the Liberty minority buyout.

Our value proposition

The successful execution of our strategy will deliver a robust business capable of creating sustainable value for all our stakeholders over the long term.

INVESTING IN THE GROUP
Who we are

An African focused, client-centred, digitally enabled integrated financial solutions provider, which drives Africa’s growth and creates value for all our stakeholders.

Strategic priorities

We have updated our strategic priorities to clarify what we need to do to deliver our 2025 Ambition.

Where we are

Presence in 20 sub-Saharan African countries, offices in five key global centres, offshore financial services and a strategic partnership with ICBC.

Measuring our progress

We continue to focus on our key performance indicators ensuring we measure what matters most in delivering our strategy.

RESULTS AND PRESENTATIONS

Our latest reports, disclosures and presentations

ANNUAL REPORTS

The full 2021 suite